Tory donor firm Lycamobile is late again in filing accounts

Lycamobile, the telecoms firm that is a major donor to the Conservative Party, has narrowly missed being struck off the register of UK firms after failing to file accounts on time.

The UK arm of the company, which sells phone airtime and is owned by Sri Lankan group chairman and founder Subaskaran Allirajah, is more than two months late filing its accounts and last week was issued with a notice for compulsory strike-off.

However, the strike-off action was discontinued the next day. The company told The Mail on Sunday that it didn’t know why the action had been suspended and that it would not be making any comment on the situation.

Timings: Lycamobile, the telecoms firm that is a major donor to the Conservative Party, has narrowly missed being struck off the register of UK firms after failing to file accounts on time

This is not the first time that Lycamobile has fallen foul of Companies House regulations. Similar notices for compulsory strike-off were issued last year and in 2012.

All companies in the UK have to file accounts with Companies House by law, and risk being delisted if they do not. Directors also face fines and criminal prosecution if they do not file on time.